For public sector organisations every pound lost through fraudulent activity is a pound that potentially could have been spent on essential front line service delivery. Protecting financial resources is essential and why proactive steps are required to safeguard against fraud from external sources.
Additionally, organisations must not neglect the very real risk that fraudulent acts may be perpetrated from within.
Employers place a great deal of trust and confidence in their workforces and can sometimes fail to recognise the signs that there could be a breach of that trust. The control framework for internal fraud risk management should be as robust as that in place for external fraud.
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